Industry News

General Paint Corp. Acquires Ideal Paints

Published on 2003-05-06. Author : SpecialChem

Professional Paint Inc. (PPI) announced that its wholly owned subsidiary, Vancouver based General Paint Corp, acquired Ideal Paints in Toronto, Ontario. Ideal Paints is a manufacturer of quality architectural paints operating in Ontario, Canada.

Included in the acquisition are Ideal's distribution and service center in Rexdale and three additional service centers in Pickering, Oakville, and London.

According to General Paint president, Rolph Alden, "The acquisition of Ideal Paints is an integral component in our growth plan for Ontario. Ideal Paints is a well recognized and respected brand which will provide General Paint with a significant position in the Ontario marketplace."

General Paint Corp. was founded 92 years ago in Vancouver, BC and has grown to become the market leader in western Canada. In 2000, General Paint expanded into Ontario opening service centers in Cambridge, Waterloo, London, Hamilton and Windsor. The integration of Ideal with General will provide nine convenient service centers from which customers can purchase both quality brands.

PPI is a privately-held company that owns many of the best known regional paint brands in the western United States and throughout Canada. In addition to General Paint, other companies owned by Professional Paint include Frazee Industries (San Diego, CA), Hanley Paint (El Paso,TX), Parker Paint (Tacoma, WA), Kwal Paint (Denver, CO), Sophir Morris (Omaha, NE), and Stellar Kwal Paint (formerly Jones-Blair) (Dallas, TX).

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